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Inverstors News

Resolution of Cancellation of Grant of Stock Option

2004.11.05 No. 269
1. Cancellation Details
- Cancelled Members : 9 persons
- Type and total number of cancelled shares: 85,000 shares of registered common stock

2. Details of Cancelled Shares :
- Date of Grant: February 14, 2003
- Exercise Period : February 14, 2006 ~ February 13, 2011
- Exercise Price : KRW 26,800
3. Status of stock options granted after cancellation :
- Grant members : 162 persons
- Number of shares : 2,182,200 shares of registered common stock
4. Reason for cancellation of grant : Voluntary retirement
- Basis for cancellation : Article 84 section 6.8 of the securities exchange law and article 7 section 3
of the articles of incorporation of Hyundai Motor Company.
5. Date of Board Resolution : November 05, 2004
- Attendance of Outside Directors : 3 out of 4
- Attendance of auditors(who are not Ouside Directors): No
* Hyundai Motor Company’s audit committee members are all ouside directors (3 out of 3 were present)

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